Stone House

Stone House is a Co-op located 242 East 7th Street, in Alphabet City, New York. The building was first built in 1908 and is 116 years old. It was first renovated and altered in 1985. The building is currently considered a landmark so make sure to check it out when you're in the area. The lot that the building was built on is 23 feet wide and 91 feet long. The official lot area is listed as 2,065 square feet. The building itself is 23 feet wide and 84 feet long. In total, 242 East 7th Street has a total floor area of 5,922 square feet. Of that, 5,922 square feet are used for residential purposes. There are a total of 5 units. Of those, 5 are residential units. 242 East 7th Street has a total of 3 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 11 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 157 days The transaction that took the longest to complete was unit 4, listed on Jan 10, 2014 for $1,950,000. This particular unit ultimately sold 157 days later for $1,775,000. The most recent transaction was for unit 4, which was first advertised on Jan 10, 2014, sold for $1,775,000 on Jun 16, 2014. Fun fact, the oldest transaction we have on record took place on Jan 31, 1979. See the full transaction history for Stone House below.

Alphabet City, where 242 East 7th Street is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $1,950,000. For interested buyers, that means the building's median asking price is around 0.63% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,999,999. It is a 2-bedroom and 3-bathroom unit.